Swypt Terms of Use

Swypt Limited ("Swypt," "we," "our" or "us") operates a decentralized payments protocol and technology stack that facilitates the conversion, transfer, settlement and integration of virtual assets with fiat payment rails globally. These Terms of Use ("Terms") govern access to and use of the Swypt platform, products and services (the "Platform").

By accessing, installing, registering for or using the Platform, you ("User" or "you") accept and agree to be bound by these Terms. If you act on behalf of an entity, you confirm you have authority to bind that entity.

These Terms apply to all Swypt products and services, including:

2.1 Swypt Wallet — Non-custodial wallet interfaces and account-abstraction or social-login wallet creation tools.

2.2 Swypt Merchant — Merchant payment acceptance, settlement and reconciliation services. Merchants can choose to receive their incoming payments settled in Kenya Shillings (KES) or United States Dollars (USD) in real-time by toggling their preferred settlement currency on the dashboard. This multicurrency settlement functionality is powered by Swypt's blockchain infrastructure, enabling low-cost, real-time conversion and settlement.

2.3 Swypt SDKs and APIs — Developer integration toolkits enabling third parties to embed Swypt payment, conversion and settlement functionality into websites, mobile applications and back-office systems.

2.4 Other Interfaces — Any other dashboards, applications, integrations or modules provided by Swypt under these Terms.

Swypt may add, modify, or discontinue products and features at its discretion.

Account — Any registration, profile or wallet record maintained by Swypt to enable User access to the Services.

Complete Cycle — A transaction lifecycle that has been fully initiated, processed, confirmed and settled by the relevant network or fiat rail.

KYC/KYB — Identity and business verification processes required by Swypt to comply with applicable laws and internal risk policies.

Liquidity Provider — Any third party providing on-Platform liquidity, market making, exchange or settlement services.

Multicurrency Settlement — The ability for a merchant to select, via the Swypt dashboard, whether incoming payments are settled to their account in KES or USD in real-time.

Network Fees — Fees charged by external virtual asset ledgers or blockchains for processing and finalizing transactions.

Offramp — The process enabling conversion from virtual assets to fiat for credit to a designated fiat or mobile money account.

Onramp — The process enabling conversion from fiat to virtual assets.

Self-Custodial Wallet — A wallet controlled by a User that permits them to hold and control private keys or equivalent credentials.

Virtual Asset — Any digital representation of value used within the Platform, including tokens, coins or stablecoins.

By using the Platform, you confirm that:

• You are of legal age and have capacity to enter into these Terms.
• All information you provide is true, complete and not misleading, and you will keep it updated.
• You will comply with all applicable laws and third-party payment or settlement network requirements.
• If acting on behalf of an entity, you have authority to bind that entity.

Continued use of the Platform following any amendment to these Terms constitutes acceptance of the amended Terms.

Where required, you must provide accurate information and complete KYC/KYB verification. Swypt may refuse account creation or limit functionality based on risk, regulatory or business considerations.

Where you use social-login or a third-party wallet connector, Swypt facilitates the creation or linking of a Self-Custodial Wallet but does not maintain custody of private keys, seed phrases or credentials.

You are responsible for maintaining the security of your credentials and must promptly notify Swypt of any suspected loss, theft or unauthorized access.

Merchants using Swypt Merchant may toggle their settlement currency preference between KES and USD directly from the dashboard. When a preference is set, incoming payments are converted and settled in the selected currency in real-time using Swypt's blockchain-powered infrastructure.

Merchants acknowledge that:

• Settlement currency conversion is subject to prevailing exchange rates at the time of settlement.
• Swypt does not guarantee exchange rates beyond the time of transaction confirmation.
• Toggling settlement currency applies to subsequent incoming transactions and does not affect already-completed settlements.

Transactions confirmed on virtual asset ledgers or fiat settlement rails are final and cannot be reversed by Swypt. You are solely responsible for verifying recipient addresses, payment identifiers, network selection and all transaction parameters before confirmation.

In the event a transaction fails prior to settlement, Swypt may, where feasible, attempt to push the transaction to completion using available Liquidity Providers or Smart Contract remediation logic. This is a remedial process and does not constitute a refund or reversal guarantee.

Swypt integrates with third-party wallets, Liquidity Providers, payment processors, mobile money operators and settlement networks. Your use of such third-party services may be governed by separate terms. Swypt has no control over third-party actions, network congestion, ledger forks or operator downtime and is not liable for disruptions attributable to third parties.

You must comply with all applicable anti-money laundering, counter-terrorist financing and sanctions laws. Swypt implements KYC/KYB checks, transaction monitoring and screening as required. Failure to provide requested information may result in account suspension or termination. Swypt may disclose User information to competent authorities in accordance with applicable law.

Swypt collects, stores and processes personal and transaction data to provide its services and meet legal obligations, in accordance with Swypt's Privacy Policy and applicable data protection laws. Data may be transferred to and processed in jurisdictions including Kenya and where third-party providers operate. By using the Platform, you consent to such transfers where permitted by law.

Swypt employs commercially reasonable technical and organisational measures to protect the Platform. Users who control private keys retain sole responsibility for their safekeeping — loss or compromise of private keys is not recoverable by Swypt. Where Smart Contracts are used, Users acknowledge these are subject to software bugs, vulnerabilities and operational risk.

All intellectual property rights in the Platform, software, designs and trademarks are owned or licensed by Swypt. Users receive a limited, revocable, non-exclusive, non-transferable license to use the Platform for legitimate personal or business purposes only. Users may not decompile, reverse engineer or use the Platform to build competing products without prior written permission.

To the fullest extent permitted by law, Swypt shall not be liable for any indirect, special, incidental, punitive or consequential losses, including lost profits, lost data or loss of goodwill.

Swypt's total liability for direct damages arising from any claim shall not exceed the total fees paid by the User to Swypt for the specific transaction giving rise to the claim during the twelve (12) months preceding the event.

Nothing in these Terms excludes liability for fraud, wilful misconduct, death or personal injury caused by negligence, or any other liability that cannot be excluded by law.

You agree to indemnify and hold harmless Swypt, its affiliates, officers, directors, employees and agents against any losses, liabilities, claims, damages and expenses (including reasonable legal fees) arising from your breach of these Terms, violation of applicable law, misuse of the Platform, or claims by third parties arising from your actions.

Swypt may suspend, restrict or terminate your access where there are reasonable grounds to suspect fraud, money laundering, terrorist financing, regulatory non-compliance or other security or legal risks. Where possible and lawful, Swypt will notify affected Users. All outstanding obligations survive termination.

Swypt may amend these Terms for legal, regulatory or operational reasons. Material amendments will be communicated with at least fourteen (14) days' notice where practicable. Continued use of the Platform after the effective date of any amendment constitutes acceptance of the updated Terms.

These Terms are governed by the laws of the Republic of Kenya. Disputes shall first be resolved by good-faith negotiation. If unresolved within thirty (30) days, disputes shall be submitted to the exclusive jurisdiction of the courts of the Republic of Kenya.

Severability — If any provision is held invalid, the remainder of these Terms continues in full force.

Waiver — Failure to enforce any right does not constitute a waiver of that right.

Assignment — You may not assign your rights under these Terms without Swypt's prior written consent. Swypt may assign its rights without your consent.

Entire Agreement — These Terms, together with Swypt's Privacy Policy, any product-specific terms and applicable commercial agreements, constitute the entire agreement between the parties.

support@swypt.io

+254 715 333 999

www.swypt.io

West Park Suites, Ojijo Road, Nairobi, Kenya